Farming in crypto is one of the best ways to earn extraordinary rewards in the blockchain and crypto space. Also, one of the best sets of farms is the stablecoin farms. These farms boast of high yields and are less affected by price volatility.
This article is an in-depth overview of three top stablecoin farms on Trader Joe, and a general review of the DeFi platform.
Stable Farms looking 🤌 $JOE pic.twitter.com/oM8G6LhYqL
— Joe Intern🔺 (@traderjoeintern) June 16, 2022
What is Trader Joe?
Trader Joe considers itself the “One-stop-shop” on the Avalanche blockchain network. Launched in June 2021, Trader Joe provides its users with a top-notch and innovative DeFi trading experience. Following its launch last year, the platform boasts of more than $1.5 billion in assets. The DeFi platform is also known for its customer-centric approach as well as its speed, safety, simplicity, and innovation.
Interested person can swap, lend, borrow, stake, farm, and leverage tokens on Trader Joe. Simply put, the platform aggregates the different DeFi services possible, making them available in a single platform (Trader Joe).
Also, to make use of the Trader Joe platform, you need to have a functioning Metamask or Coinbase wallet. These are the two wallets compatible with the DeFi trading platform. Also, users need to have some AVAX tokens to help pay for their gas fees.
Some Stable Farms on Trader Joe
Farming is one of the top features on the Trader Joe platform. Several stable farms are also available at Trader Joe. Some of these stable farms include; AVAX/USDC, USDT/USDT.e, AVAX/USDT, etc. Below is a general overview of some of the top stable farms on the DeFi platform.
1. First on my list is the AVAX/USDC Farm Pair – This farming pair is one of the top stablecoin farms available on the trading platform. At the time of writing, AVAX/USDC has a liquidity of $28,957,420. It also has a Pool APR of 28.70%. That is, farmers of AVAX/USDC will earn an estimated 28.70% APR.
2. USDC/USDC.e – This farm has total liquidity of $18,674,787 and a Pool APR of 7.61%. Its JOE APR is currently at 0.10%. The farm also has an average boost APR of 0.10% and a median boost APR of 0.20%. USDC.e is Ethereum bridged to AVAX USDC. Then the USDC here is native.
3. AVAX/USDT – This farm has total liquidity of $5,726,305, and a pool APR of 18.05%. It also has a JOE APR of 7.43347%. The farming pairs also have an Average boost APR of 9.09% and a Median boost APR of 9.92%.
JOE Price Outlook
At the time of writing, JOE was trading at $0.184918 with a market cap of $51,118,797 and a 24-hour trading volume of $1,473,977. The token price is also down by 5.3% in the last 24 hours, has a circulating supply of 280 million, and a total supply of 377 million.
Win $6,699 worth of bonuses in our exclusive MEXC & Altcoin Buzz Giveaway! Find out more here.
⬆️For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.
⬆️Find the most undervalued gems, up-to-date research, and NFT buys with Altcoin Buzz Access. Join us for $99 per month now.
